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Credai Requests GST ITC from Central Govt

Credai Demands GST ITC for Reality Developers for Affordable Housing

Realtors council Credai urges for input tax credit (ITC) beneath GST guidelines and must permit the real estate builders to state that it can be directed towards the reduction of the cost by 10%. Credai, which has 13,000 members in real estate building, has sought the Union government to provide an input tax credit to […]

Levy 18 Percent GST on Supply of Vouchers

AAR Karnataka: Cash-Back & Gift Vouchers Subject to 18% GST Rate

The Karnataka Authority of the Advanced Ruling passed a decree that vouchers shall also carry a levy of 18% GST. The reason being, they are subject to section 12(5) of the CGST Act 2017. Here, in this case, the applicant Messrs Premier Sales Promotion Private Limited is indulged in the trade of providing marketing services. […]

18 Percent GST Rate for Blue Collar Services to Govt

AAR Karnataka: Blue Collar Services to Government Entity Subject to 18% GST

The Karnataka Authority of the Advanced Ruling passed a ruling that providing manpower services related to blue-collar jobs like Peons, Drivers, Data Entry Operators, Housekeeping and so on are subject to 18% of GST Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like […]

All About Inverted Duty GST Refund

GST Refund on Inverted Duty Structure U/S 54 with Calculation

Interestingly the name itself Inverted Duty Refund as per GST is synonymous with its meaning. Long story short, the Inverted Duty structure is a mechanism wherein the rate of the tax on the inputs is greater than the rate of the tax on the output supplies. Consequently, in the aforesaid cases. The input tax credit […]

Madras HC's Order Related to Summons and investigation

Madras HC: Central GST Authorities Can Issue Summons & Conduct Investigation

Madras High court stated that little pendency of GST proceedings prior to the state council was not the reason to restrain the controlled central authorities from conducting an investigation. The applicant Kuppan Gounder P.G. Natarajan has asked the problem in which the proper officer beneath the state goods and service tax act or the union […]

Maharashtra GST Collection in July 2021

MH Receives 38% More GST Collection in July 2021 from June

In the previous months from April till June 2021 ‘Corona was in and GST was out’. Now the trend has reversed. ‘Corona is out and GST is in’. This assertion is based on facts and figures of the Goods and Services Tax, not an opinion. Maharashtra’s GST collection rose by nearly 38% in July 2021 […]

PHDCCI Suggestion for 3-tier GST Slab Rate

PHDCCI Requests 3 GST Slab Rate for High Consumption & Reduce Evasion

Industry chamber PHDCCI called a 3-tier GST rate edifice through the highest slab at 18% to assist in surging the consumption and lessens the evasion. Beneath the goods and services tax (GST). The 4 GST rate structures Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the […]

Kerala HC's Judgment for E Waybill Requirement

Kerala HC: No Need of GST E-way Bill If Used PV for Transportation

The Kerala High court discarding the petition held that used personal cars are privileged from the need of the GST e-way bill Get to know about GST E Way bill and its generating process through online and SMS in a simple manner. Also, we have attached original screenshots of official E way bill portal for […]

GST Dept Recovered INR 1,900 Cr. in FY 2021-22

GST Authorities Collect INR 1,920 Cr. in Tax Evasion During 1st Quarter (Apr-Jun)

Tax Evasion has been prevalent from ancient times, persistent to date and will continue in future. Nevertheless, the regulatory authority can limit its intensity if they infuse the efforts aptly and by utilizing the latest technology. To date, In the April-June quarter of the present financial year, Tax evasion worth Rs1,920 crores has been recovered […]

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